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Integrating the Americas: FTAA and Beyond / Edition 1

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Overview

Where Latin American government leaders once looked at free trade agreements as solely about trade and trading policies, they are increasingly viewing them as the next beacon of hope in the long and arduous road of economic reform.

Integrating the Americas: FTAA and Beyond discusses how these governments have become embroiled in a larger set of issues affecting both institutions. This work, based on a conference sponsored by the Inter-American Development Bank and the David Rockefeller Center for Latin American Studies, examines how this free trade process is surging ahead, while at the same time taking on a broader set of issues including institutional reform, transparency, the environment, labor, and social cohesion. The payoffs to the strategy of liberalization, privatization, and openness have been meager and disappointing to date. Will the FTAA be able to reverse this and allow Latin America to reap the benefits of globalization?

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Editorial Reviews

Guillermo A. Calve
Latin America is at a crossroads. Growth has slowed, and prospects are not very encouraging. Fortunately, there are several promising directions that the region can take. A prominent one is the FTAA. Thus, this book comes out precisely when it is needed. I have no doubt that this book will occupy a pivotal place in the discussion of the FTAA, and will become a key reference in the literature about regional integration.
Robert Feenstra
Free trade areas enable countries to pursue more open trade, but raise controversial economic and political issues. This volume offers state-of-the-art analysis of issues raised by a Free Trade Area of the Americas, including its impact on agriculture, services, monetary arrangements, trade patterns, wages and labor standards growth, and democratic governance, both for those countries within the agreement and those left out. An invaluable reference on the FTAA, it will also define research issues for similar free trade agreements elsewhere.
Arminio Fraga
As we approach the more serious talks and negotiations towards a FTAA, this timely book fills a much needed gap. With broad coverage which includes historical, theoretical, and empirical research, Integrating the Americas sheds light on what undoubtedly will be a process which will play a key role in shaping the future of Latin America.
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Product Details

  • ISBN-13: 9780674014848
  • Publisher: Dumbarton Oaks Research Library and Collection
  • Publication date: 10/28/2004
  • Series: David Rockefeller Center Series on Latin American Studies , #11
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 860
  • Product dimensions: 6.00 (w) x 9.04 (h) x 2.01 (d)

Meet the Author

Antoni Estevadeordal is a Principal Trade Economist of the Inter-American Development Bank.

Dani Rodrik is Rafiq Hariri Professor of International Political Economy at the Kennedy School of Government at Harvard University.

Alan M. Taylor is Professor of Economics, University of California, Davis.

Andrés Velasco is Sumitomo Fasid Professor of International Development at the Kennedy School of Government, Harvard University.

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Table of Contents

List of Tables

List of Figures

Preface

Acknowledgments

About the Contributors

List of Abbreviations

PART 1: INTRODUTCION

1. Introduction

Antoni Estevadeordal, Dani Rodrik, Alan M. Taylor,
and Andrès Velasco

Part 2: THE FTAA: HISTORICAL AND GLOBAL PERPECTIVES

2. The Roots of Latin American Protectionism:
Looking before the Great Depression

John H. Coatsworth and Jeffrey G. Williamson

3. Economic Integration in the Americas: European Perspectives

Anthony J. Venables and L. Alan Winters

4. The Proliferation of Sovereigns: Are There Lessons for Integration?

Matías Braun, Ricardo Hausmann, and Lant Pritchett

5. The Old and New Regionalism: Benefits, Costs,
and Implications for the FTAA

Robert Devlin and Paolo Giordano

Part 3: MACROECONMICS OF THE FTAA

6. The Monetary Consequences of a Free Trade Area of the Americas

Barry Eichengreen and Alan M. Taylor

7. Macroeconomic Coordination and Monetary Unions in an n-Country World: Do All Roads Lead to Rome?

Andrew Powell and Federico vo Sturzenegger

Part 4: NEGOTIATING THE FTAA AGREEMENT: TRADITIONAL AND NEW ISSUES

8. Prospects and Challenges for the Liberalization of Agricultural Trade in the Western Hemisphere

Mario Berrios, Jaime Granados, Marcos S. Jank,
Josefina Monteagudo, and Masakazu Watanuki

9. Regionalism and Trade in Services in the Western Hemisphere: A Policy Agenda

Aaditya Mattoo and Pierre Sauvé

10. Tackling International Anticompetitive Practices in the Americas: Implications for the Free Trade Area of the Americas

Julian L. Clarke and Simon J. Evenett

Part 5: THE POLITICAL ECONOMY OF THE FTAA

11. The United States and a Free Trade Area of the Americas:
A Political-Economic Analysis

I. M. (Mac) Destler

12. The Political Economy of Economic Integration in the Americas: Latin American Interests

Marcelo de Paiva Abreu

Part 6: ASSESSING THE ECONOMICS OF THE FTAA

13. Do Preferential Trade Agreements Matter for Trade?
The FTAA and the Pattern of Trade

Antoni Estevadeordal and Raymond Robertson

14. A Virtuous Circle? Regional Tariff Liberalization and Scale Economies in Transport

David Hummels and Alexandre Skiba

15. What Has Happened to Wages in Mexico since NAFTA?
Implications for Hemispheric Free Trade

Gordon H. Hanson

16. Can an FTAA Suspend the Law of Gravity and Give the Americas Higher Growth and Better Income Distributions?

Bernardo S. Blum and Edward E. Learner

17. Regional Integration and Productivity:
The Experiences of Brazil and Mexico

Ernesto López-Córdova and Mauricio Mesquita Moreira

18. The FTAA and the Location of Foreign Direct Investment

Eduardo Levy Yeyati, Ernesto Stein, and Christian Daude

Part 7: FTAA AND BEYOND

19. Labor Standards and the FTAA

Kimberly Ann Elliot

20. The Environmental Dimension of Economic Integration: The FTAA and Beyond

Daniel C. Esty

21. Social Protection and Inclusive Trade: Strengthening the Sources of Convergence within FTAA.

Luis Felipe Lopez-Calva and Nora Lustig

22. Asymmetries and Cooperation in the FTAA

Inés Bustillo and José Antonio Ocampo

23. The FTAA's Impact on Democratic Governance

Mark Barenberg and Peter Evans

Index

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